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Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
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MTN pays N575b to Fed Govt

To connect 2,000 communities 
BY AKINOLA AJIBADE
MTN Nigeria Communications has paid a total of  N757billion tax to the government and agencies in Nigeria in 2021.
The tax, which is line with the  government's specification  is both direct and indirect in nature.
The company's secretary, Mrs Uko Ukpanah, disclosed this recently. 
Also, the company, az part of expansion programmes, is planning to connect 2,000 communication soon.
In a statement titled: "‘MTN Named Best Tax Compliant Organisation in Nigeria: … recognised as one of the top 20 taxpayers by FIRS’
It said, “In 2021, she said that  MTN Nigeria  made a total tax contribution to all government agencies including the Federal Inland Revenue Service ( FIRS) amounting to  N757.6billion while FIRS collected a total of N6.4trillion fax  in the year.
“Specifically, MTN Nigeria paid a total of N618.7billion in direct and indirect taxes to the FIRS in the 2021 tax year, representing approximately 13.5 per cent of the total FIRS collection for the year.”
Besides,the company was recognised as the most tax-compliant organisation and a part of the top 20 taxpayers in the nation during the event, by the government.
Similarly, MTB's  Chief Financial Officer,
Modupe Kadri, said that the tekecomminatiion giant is eyeing 2,000 communitiesin rural areas in order to enable more Nigerians access the services. 
Kadiri, who received the awards about the best tax complinant  on behalf of the company. said:
:: “I am delighted at our performance and recognition at this year’s National Tax Dialogue event.
While the past 24 months have been challenging for our country and nations worldwide, we are committed to supporting the Federal Government’s ongoing Economic Growth Recovery Plan.
She added that; “We will continue to invest heavily in network expansion with a focus on expanding access to under-served communities. We also plan to connect an additional 2,000 rural communities

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